8843 221 Highway

Description

Investment Opportunity Century Home with Separate Apartment & 3.49 Acres This unique Sheffield Mills property offers investors a rare combination of income potential, substantial living space, a separate two-bedroom apartment and 3.49 acres in a desirable Annapolis Valley location. Dating back to 1876, the property features approximately 3,300 square feet in the main home, with three bedrooms, four bathrooms and multiple living areas. The existing layout offers flexibility for owner-occupied investment, long-term rental, multi-generational living or other income-producing strategies, subject to applicable requirements. The separate two-bedroom apartment is a significant investment feature, providing potential rental income or an opportunity to offset carrying costs. Several updates have already been completed, including a newer kitchen and updated bathroom, while additional improvements could create further value-add and appreciation potential. The 3.49-acre property provides privacy, mature landscaping, a pond, North Mountain views and attractive outdoor amenities, including a pool, patio and firepit. Its location offers convenient access to Kentville, New Minas, Wolfville, Canning and Port Williams. There is work to be done, but that is part of the opportunity. For the investor looking for a property with multiple income possibilities, substantial land, character and room to increase value, 8843 Highway 221 offers a compelling combination that is difficult to replicate. (id:56844)

Listing

MLS® number

202626425

Status

Active

Days On Market

9

Building

Type

Other

Year built

1876

Foundation

Stone, Concrete Perimeter, Concrete Slab

Basement

Unfinished, Full, Walk out

Features

Fireplace(s)

Interior

Flooring

Tile, Hardwood, Laminate, Carpeted, Ceramic Tile

Heating

Baseboard heaters, Stove, Forced air, In Floor Heating, Oil, Propane, Wood, Furnace

Appliances

Washer, Refrigerator, Range - Gas, Range, Oven, Dryer, Microwave

Land

Lot size

3.49 acres

Lot features

Balcony

Exterior features

Vinyl

Parking

Type

Gravel

Utilities

Water

Drilled Well

Sewer

Septic System

Fees and taxes

Common interest

Freehold

Parcel number

55043871

Directions

Drive east on Highway 221, property will be on left hand side